San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: San Diego
• Control #: US-00472-A2
• Format: Word; Rich Text

Description

This form is an Addendum to a Residential Real Estate Sales Contract allowing for the continued marketing of the subject property by the seller while seller completes the process of fulfilling certain contingencies. If another offer is received on the property, seller must notify the buyer that a new offer has been received, and that buyer must waive the contingencies or else property may be sold to new offeror. Adapt to fit your specific circumstances as desired. San Diego California is a vibrant and picturesque city located on the southwestern coast of the United States. Known for its stunning coastline, beautiful weather, and rich culture, it is a popular destination for tourists and a sought-after place to live. The San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies is a document that is used in real estate transactions to address specific situations where the seller may need to continue marketing the property despite certain contingencies. This addendum allows the seller to seek backup offers or continue advertising the property in case the current buyer's offer falls through. Types of San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies: 1. Contingency Addendum: This addendum is used when there are contingencies in the purchase agreement that may delay or potentially nullify the transaction. These contingencies could include financing, home inspections, or appraisals. The seller includes this addendum to ensure that they can actively market the property and seek alternative offers while waiting for the contingencies to be resolved. 2. Offer Acceptance Addendum: This addendum is used when the seller has already accepted an offer from a buyer, but there are still unresolved contingencies in place. The addendum allows the seller to continue marketing the property and seek backup offers in case the current deal falls through. 3. Time Extension Addendum: This addendum is used when the seller needs more time to fulfill certain contingencies or when there are delays in meeting the closing timeline. It allows the seller to continue marketing the property while addressing the time-related issues. 4. Sale Contingency Addendum: This addendum is used when the seller has entered into a contract to purchase a new property but needs to continue marketing their current property until the purchase is finalized. This addendum ensures the seller can actively promote their property and pursue backup offers until they secure their new home. In summary, the San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies is a necessary tool in real estate transactions. It allows sellers to actively market their property and seek backup offers while dealing with various contingencies and potential delays. Whether it's a contingency addendum, offer acceptance addendum, time extension addendum, or sale contingency addendum, these documents ensure the seller's interests are protected and promote a smooth real estate transaction process.

San Diego California is a vibrant and picturesque city located on the southwestern coast of the United States. Known for its stunning coastline, beautiful weather, and rich culture, it is a popular destination for tourists and a sought-after place to live. The San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies is a document that is used in real estate transactions to address specific situations where the seller may need to continue marketing the property despite certain contingencies. This addendum allows the seller to seek backup offers or continue advertising the property in case the current buyer's offer falls through. Types of San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies: 1. Contingency Addendum: This addendum is used when there are contingencies in the purchase agreement that may delay or potentially nullify the transaction. These contingencies could include financing, home inspections, or appraisals. The seller includes this addendum to ensure that they can actively market the property and seek alternative offers while waiting for the contingencies to be resolved. 2. Offer Acceptance Addendum: This addendum is used when the seller has already accepted an offer from a buyer, but there are still unresolved contingencies in place. The addendum allows the seller to continue marketing the property and seek backup offers in case the current deal falls through. 3. Time Extension Addendum: This addendum is used when the seller needs more time to fulfill certain contingencies or when there are delays in meeting the closing timeline. It allows the seller to continue marketing the property while addressing the time-related issues. 4. Sale Contingency Addendum: This addendum is used when the seller has entered into a contract to purchase a new property but needs to continue marketing their current property until the purchase is finalized. This addendum ensures the seller can actively promote their property and pursue backup offers until they secure their new home. In summary, the San Diego California Addendum for Continued Marketing of Property by Seller due to Contingencies is a necessary tool in real estate transactions. It allows sellers to actively market their property and seek backup offers while dealing with various contingencies and potential delays. Whether it's a contingency addendum, offer acceptance addendum, time extension addendum, or sale contingency addendum, these documents ensure the seller's interests are protected and promote a smooth real estate transaction process.